Do you own a business?
Did you pay payroll taxes for quarters 2 through 4 of 2020?
Did you pay payroll taxes for quarters 1 through 3 of 2021?
75% of businesses have successfully gotten millions in funding they had no idea they were qualified to receive.
ERTC Tax Credit Program
Your business may qualify for a program passed under the CARES act that allows your business to claw back money that you paid during 2020 and 2021, and you may be entitled to $26,000 per employee.
The Employee Retention Tax Credit is available to businesses that were able to retain their employees during this challenging time. This includes even if you participated in the (PPP) Paycheck Protection Program loan.
This is not a government handout or loan program. You do not have to pay this money back. This is a refund of money you already paid in payroll taxes and you may be eligible to claw-back a good percentage of those payments.
There are ERTC qualifications a business must meet in order to be considered.
Does Your Business Qualify For ERTC?
Did your business…
- Experience revenue disruption?
- Suffer a mandated shutdown?
- Endure supply chain disruption?
If you answered YES to any of the above questions, or even if you didn’t experience any of the above, your business may qualify for a tax rebate of up to $26,000 per employee.
Some Common Misperceptions Regarding The ERTC Tax Credit Program
1 – Our Business Was Deemed Non-Essential – Your business does not have to be “essential” to qualify for the Employee Retention Tax Credit Program. If you own a small business, any small business, it’s worth finding out if you do indeed qualify. It costs you nothing but a few minutes of your time and could return tens of thousands of dollars back into your business.
2 – We Had No Revenue Decline – Revenue is just one of many factors that determine whether you qualify for ERTC. In fact, companies without a considerable revenue decline and even increases in revenue can still qualify for the employee retention tax credit.
3 – We Never Shut Down Our Business – The ERTC tax incentive has several provisions that make it possible for employers who were not forced to shut down their business to still be eligible for the ERTC. Businesses that were forced to partially shut down their business can still make a claim. Additionally, businesses without a government mandate to shut down or partially shut down their business can still qualify through revenue decline. It’s a complicated process, but that’s why you should take the time to use an ERTC Specialist to find out if you qualify. (It’s worth it).
4 – We Took Part In The (PPP) Paycheck Protection Program – No problem, like I mentioned earlier, the rules have been updated so that companies that received one or both of the PPP loans are STILL eligible for the Employee Retention Tax Credit.
5 – I Heard It Was Too Late To Apply For ERTC – Not true, you still have time. New rules have extended the deadline to file for the ERTC program until April of 2025.
The Rules For The ERTC Program Have Been Updated And Amended
It’s worth finding out if you’re eligible for the ERTC tax credit program even if your accountant says you don’t qualify. There have been newly amended and updated rules put in place and it costs you nothing to find out if your business can get thousands or even tens of thousands back in tax refunds.
The thing is, you’re busy running your business and this process has to be done correctly by an ERTC specialist. Why not let the people who are ERTC specialists handle the filing and paperwork for you?
But beware of scammers! If the ERTC company you’re working with wants you to pay up front, run the other way. That’s why I recommend these ERTC specialists, they are former IRS agents that know how to file all the paperwork properly and you don’t pay for this service until after you’ve received your refund check.
Visit our ERTC FAQ page to get answers to some common questions about the Employee Retention Tax Credit Program.